StoneCo Ltd. (NASDAQ:STNE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.89.
A number of equities analysts have recently commented on STNE shares. Morgan Stanley restated an "underweight" rating and issued a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a report on Wednesday, November 13th. UBS Group raised their price objective on StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Barclays cut their price objective on StoneCo from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Finally, Cantor Fitzgerald upgraded StoneCo to a "strong-buy" rating in a report on Thursday, October 3rd.
Get Our Latest Research Report on StoneCo
StoneCo Price Performance
Shares of STNE traded up $0.99 during trading hours on Friday, reaching $10.26. 11,021,468 shares of the company traded hands, compared to its average volume of 4,994,795. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.17 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.33 and a beta of 2.29. StoneCo has a fifty-two week low of $9.06 and a fifty-two week high of $19.46. The stock has a fifty day simple moving average of $11.05 and a 200 day simple moving average of $12.45.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Central Bank & Trust Co. acquired a new position in StoneCo during the 2nd quarter valued at approximately $40,000. Lazard Asset Management LLC bought a new stake in StoneCo during the 1st quarter valued at $41,000. Y.D. More Investments Ltd raised its stake in StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after acquiring an additional 2,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in StoneCo during the 3rd quarter valued at $125,000. Finally, Point72 Hong Kong Ltd bought a new stake in StoneCo during the 2nd quarter valued at $135,000. Institutional investors and hedge funds own 73.19% of the company's stock.
About StoneCo
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Get Free ReportStoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.
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